Auto companies are likely to post strong volume-led growth in Q4FY26, but rising input costs and commodity inflation are beginning to weigh on margins across segments
Strong growth across segments, GST 2.0 benefits and rising rural demand pushed India's auto retail sales to a record 29.6 million units in FY26, with EV adoption also gaining pace
Passenger vehicle sales rose 21.48 per cent year-over-year in March, while two-wheeler sales rose 28.68 per cent and commercial vehicle sales rose 15.12 per cent
Retail sales of vehicles across categories in India in 2025-26 grew by 13.3 per cent at a record 2,96,71,064 units as compared to 2,61,87,255 units in the previous fiscal, with GST 2.0 helping overcome a subdued start to the year, Federation of Automobile Dealers Associations said on Monday. Passenger vehicle (PV) retail sales rose to 47,05,056 units in FY26, up 13 per cent from 41,63,927 units in FY25, the Federation of Automobile Dealers Associations (FADA) said in a statement, adding that it is cautiously optimistic but watchful of the possible impact of West Asia war on vehicles demand in India going forward. Similarly, two-wheeler (2W) sales also grew by 13.4 per cent at 2,14,20,386 in 2025-26 as compared to 1,88,89,595 units in 2024-25. In FY26, three-wheeler retail sales stood at 13,63,412 units, up 11.68 per cent from 12,20,834 units in FY25, according to FADA. Commercial vehicles (CV) retail also witnessed a growth of 11.74 per cent at 10,60,906 units in FY26 as against ..
India's passenger vehicle industry growth is expected to moderate to 4-6 per cent in FY27, largely due to the high base and evolving macroeconomic conditions, ratings agency ICRA said on Friday. For FY26, the industry is estimated to report wholesale volume growth of around 7-9 per cent, supported by strong festive demand, GST rate cuts and multiple new model launches, ICRA said in a statement. "The industry continues to witness structural shifts, with utility vehicles accounting for nearly 67 per cent of overall sales, reflecting sustained premiumisation trends," it said. Further, rising penetration of alternative powertrains such as CNG and electric vehicles is aiding demand diversification, ICRA said. Despite the anticipated moderation in growth, passenger vehicle original equipment manufacturers (OEMs) are expected to continue with significant capital expenditure towards new product development and electric vehicle platforms, while tractor manufacturers are likely to benefit fr
Bajaj Auto Ltd on Friday reported a 20 per cent rise in total sales at 4,45,377 units in March as compared to 3,69,823 units in the same month last year. Total domestic sales were at 2,66,290 units last month as against 2,21,474 units in the year-ago period, up 20 per cent, Bajaj Auto Ltd said in a regulatory filing. Two-wheeler sales in the domestic market were at 2,21,021 units as against 1,83,659 units in March 2025, registering a growth of 20 per cent, it added. Exports of two-wheelers were up 21 per cent at 1,59,452 units last month as compared to 1,32,073 units in the same month a year ago, the company said. Total commercial vehicle sales in March 2026 stood at 64,904 units as compared to 54,091 units in the year-ago month, a growth of 20 per cent, it added. Commercial vehicle sales in the domestic market stood at 45,269 units as against 37,815 units in March 2025, while exports were up 21 per cent at 19,635 units as against 16,276 units in March 2025, the company said.
JLR, Britain's largest carmaker, is owned by Tata Motors Passenger Vehicles and makes up close to 80 per cent of the Indian automaker's revenue
Two-wheeler makers post strong FY26 growth led by rural recovery, scooter demand and premium motorcycles, though FY27 outlook may soften amid global headwinds
Suzuki Motorcycle India expects FY27 domestic growth below earlier estimates as rising commodity costs and global uncertainty from West Asia conflict weigh on demand
Electric vehicle sales rose sharply in FY26, driven by strong growth in two- and four-wheelers and a robust year-end push, as per Vahan registration data
JSW MG Motor India on Wednesday reported a 19 per cent year-on-year rise in dispatches to dealers at 6,528 units in March. The wholesales for March reflected sustained momentum across its internal combustion engine (ICE) and new energy vehicle (NEV) portfolios, JSW MG Motor India said in a statement. The company said it will hike prices on the MG SELECT portfolio by up to 7 per cent, effective April 1, 2026, including flagship models such as the MG Cyberster and MG M9. Already, the company has announced a price increase of up to 2 per cent across its MG portfolio, effective April 1, 2026.
Stocks to Watch today, April 1, 2026: Shares of auto-related companies are expected to remain in focus today as they are set to report their March sales figures
Strong rural demand, policy support, and festive season boost drive auto sales to record highs in FY26, while electric vehicles see rapid adoption across segments
Sitharaman says rise in auto sales, tractors and cement output shows GST rate cuts supported demand, even as concerns remain over uneven price transmission
China's domestic passenger car sales fell 34.2% in February from a year earlier, an industry association said Wednesday, reflecting weakening demand as some trade-in subsidies are phased out. Only 950,000 units of passenger cars were sold in China last month, according to the China Association of Automobile Manufacturers, down from nearly 1.4 million vehicles sold in January. Overall passenger car sales including exports dropped 15.4% year-on-year, even as shipments overseas jumped 58% to 586,000, highlighting the challenges for Chinese carmakers trying to offset sluggish domestic sales by expanding into foreign markets. Automakers have been struggling with weak demand as the government has been phasing out trade-in subsidies to encourage purchases of electric vehicles. Chinese consumers have also been steering clear of big purchases, feeling a pinch from a slowing economy and protracted property slump. The Lunar New Year festival, China's biggest holiday, took place in February, .
Two-wheeler sales jumped 25 per cent from a year ago in February, while passenger vehicle sales climbed 26.1 per cent, the Federation of Automobile Dealers Associations said
Brokerages expect strong Feb 2026 auto sales across PVs, 2Ws, CVs and tractors. Find out what Nomura and MOFSL expect from growth estimates and top stock picks
Passenger vehicle retail sales rose to 5.13 lakh units in January, led by a 14.4 per cent growth in rural markets, while overall automobile retail sales grew 17.6 per cent, Fada said
Automobile retail sales rose nearly 18 per cent year-on-year to over 27 lakh units in January, led by continued post-GST momentum, healthy rural cash flows on the back of harvest and weddings, and sustained demand visibility across freight, dealer's body FADA said on Tuesday. Overall retail sales last month grew to 27,22,558 units, up 17.61 per cent, as against 23,14,940 units in January 2025. Passenger vehicle retails stood at 5,13,475 units last month, a growth of 7 per cent, as against 4,78,915 units in the year-ago period. "The growth story is increasingly being written in non-metro India -- Rural PV grew by 14.43 per cent YoY, significantly ahead of Urban at 2.75 per cent YoY. "This reinforces the structural expansion of PV demand beyond the top cities, aided by a strong SUV/compact-SUV preference, revival of entry-level cars, product availability and continued schemes," FADA President C S Vigneshwar said in a statement. Two-wheeler retail sales grew 21 per cent year-on-year
Electric passenger vehicle retail rose to 176,817 units in CY25, up from 99,875 units in CY24, translating into growth of 77.04 per cent, according to FADA data